Life insurance can be an integral and important part of a well-drafted estate plan. There are numerous benefits to owning a life insurance policy aside from providing a large sum of money to beneficiaries.
Trusts can offer many benefits, including allowing assets to pass directly to beneficiaries and charitable organizations without going through probate, minimizing taxes, and protecting your legacy from creditors.
More and more elders are choosing to pass on their wealth to heirs while they're still alive. The growing popularity of "giving while living" comes as good fortune for the many young people who are currently unable to afford a home.